Emulating Snow Leopard?

I have a MacPro laptop running Snow Leopard and the last version of Quicken before it moved to Quicken Essentials. I also have an iMac running Lion with Quicken Essentials.

I’d like to upgrade the laptop to Lion but will then no longer be able to open Quicken. In order to preserve the investment history information that is only in the older version of Quicken, can I use VMWare and install a Snow Leopard virtual machine? (I have a VMWare license both on the laptop and the iMac).